13 Aug, 2025

Audax sells GovOS; Surge invests over $50M in White Plains

Deal Wrap is updated as of 3 p.m. ET.

– Audax Management Co. LLC sold US-based government-focused software provider GovOS Inc. Shea & Co. LLC and Guggenheim Securities LLC were Audax's financial advisers, and Ropes & Gray was its legal adviser.

– Surge Private Equity LLC invested over $50 million in US laundry services provider White Plains Coat & Apron Co. Inc. Jackson Walker LLP was Surge's legal adviser.

– Nexa Equity LLC invested in US-based construction focused software developer Facility Grid LLC. Weil Gotshal & Manges LLP was Nexa Equity's legal adviser.

– Blue Sea Capital LLC acquired US industrial chemicals producer MicroCare LLC. Kirkland & Ellis was Blue Sea's legal adviser.

– Institutional Venture Partners led a $58 million series B round for Israeli mobile gaming company AppCharge Ltd.

– Mubadala Investment Co. PJSC acquired Canadian asset management firm CI Financial Corp. for C$12.1 billion. Stikeman Elliott LLP and Skadden Arps Slate Meagher & Flom LLP were CI Financial's legal advisers, and RBC Capital Markets was its financial adviser. Jefferies Securities Inc. and BMO Capital Markets were Mubadala's financial advisers, and Blake Cassels & Graydon LLP and Latham & Watkins LLP were its legal advisers.

– 26North Partners LP acquired US-based collaboration technology solutions provider AVI-SPL Global LLC. Kirkland & Ellis LLP was 26North's legal adviser, and Santander was its financial adviser. Goodwin Procter LLP was AVI-SPL's legal adviser, and Guggenheim Securities LLC and William Blair were its financial advisers.

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